PRESS DIGEST - New York Times business news - April 22

martes 22 de abril de 2008 08:31 CEST

April 22 (Reuters) - The following were the top stories in the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

* The managing editor at The Wall Street Journal, Marcus Brauchli, is expected to submit his resignation after less than a year in the post.

* Wild swings in crop futures are damaging mechanisms that are supposed to cushion the jolts of farming.

* Federal regulators are expected to unveil an accelerated schedule for auto companies to work toward a fuel-efficiency goal of 35 miles a gallon by 2020 for their vehicle fleets.

* Gasoline prices surpassed $3.50 a gallon nationwide for the first time and oil jumped to a record as the long rise of energy prices showed little signs of abating.

* The Tribune Co TXA.N has reached agreement in principle to sell the Long Island newspaper for about $580 million, according to a source familiar with the matter.

* The bill for the credit mess keeps rising. Bank of America Corp (BAC.N: Cotización) raised its loss reserves, and Citigroup (C.N: Cotización) sought investors as banks' credit problems dragged on.

* Samsung Group Chairman Lee Kun-hee, indicted on tax evasion charges, announced that he would step down after 20 years of leadership.

* Five of the six major airlines in the United States plan to start charging coach passengers as much as $25 next month to check a second bag, the latest move in their quest to offset high fuel prices.   Continuación...